China could become world's largest exporter by 2010

oecd: China could overtake the US and Germany to become the largest exporter in the world in the next five years. By then, Chinese goods and services could represent as much as 10% of global trade compared with 6% at present, according to the OECD.

In its first Economic Survey of China, the OECD says the current pace of economic growth - averaging more than 9% annually over the past two decades - shows no sign of slowing. But although economic dynamism has helped reduce the number of Chinese living in absolute poverty, income levels are still low and inequality is on the rise, not only between the cities and rural regions - average incomes in the countryside are only one third of those in the cities - but also within the more prosperous coastal provinces. Read more

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